Fisker Ocean to Be Made by Magna in Europe

Claimed starting price below $40,000?

Fisker (NYSE: FSR) says it has entered a definitive “operational phase” platform-sharing and initial manufacturing agreement with Magna International, finalizing the agreement announced on 15 Oct. 2020. The Fisker Ocean will initially be manufactured exclusively by Magna in Europe, where it currently produces several vehicles for other brands.

Fisker claimed that interest in the Ocean continues “to build at an encouraging pace, with global paid reservations now standing at more than 10,400. Fisker plans to unveil a production-intent prototype of the Ocean in the summer of 2021. Production of the all-electric Fisker Ocean SUV is projected to commence in Q4 2022.

The Fisker Ocean SUV will use a modified version of a Magna-developed EV platform. According to Henrik Fisker. “We are  taking Magna’s EV platform as the starting point, Fisker engineers are further developing FM29, and in the process, creating new IP that is unique to Fisker. To suit our requirements for the Ocean and other vehicles, we are redesigning the front-end structure and both lengthening and widening the platform. FM29 provides us the flexibility to accommodate a large battery, increase occupant space and enable the signature Fisker wide vehicle stance, while delivering purchasing cost efficiencies to bring the Ocean to market at a starting price below $40,000. Available on the range-topping Ocean Extreme model, the large battery format enabled by FM29 is also projected to support an Ultra Long Range (ULR) option with a potential range of more than 350 miles.”

“Complementing the FM29 platform will be an EE architecture that includes features not previously seen in automotive applications – developed in-house by Fisker,” continued Henrik Fisker. Our powertrain team is working to optimize the drive unit in deep collaboration with our cell provider to deliver the expected class-leading output we are projecting for the battery pack. Further, as a digital car company we are creating smarter methodologies in digital and master data management (MDM) that enable smart platform sharing across different vehicle models. This helps us to deliver a seamless customer experience, as well as expedite the globalization of our supply chain and manufacturing.”